Aerial view of the self-realized wind power installation platform “HuaXia Honghu 01” after being delivered to the Cimc Raffles construction base on March 6, 2025 in Yantai, Shandong province in China.
VCG | Visual China Group | Getty images
The National Consumer Price (IPC) index of China in February fell into the negative territory for the first time since January of last year, has dropped a drop in prices for food, tobacco and alcohol.
The IPC decreased by 0.7% last month compared to the previous year, the data published Sunday by the National Bureau of Chinese Statistics showed, reversing an annual shift of 0.5% in January.
Reading lacked estimates of an annualized contraction of 0.5%, according to a reuters survey of economists.
The Chinese ICC in February dropped by 0.2% on a monthly basis, compared to an increase of 0.7% in January.
Data occurs while investors continue to seek signs that Beijing recovery measures can help stimulate the country economic recovery.
Wednesday, China set its GDP target for 2025 in “about 5%“And has established plans to stabilize economic growth by supporting domestic demand.
Beijing has also revised its annual objective of consumer price inflation at “approximately 2%” – the lowest in more than two decades – against 3% or more in previous years, according to the Asia Society Policy Institute.
The new objective of inflation would serve more as a ceiling than as a target to be made.
Chosen say The objective of China growth of around 5% this year can be difficult to achieve, especially in the middle of constant domestic consumption and an domestic consumption and a Escalation With the administration of American president Donald Trump.
– Evelyn Cheng and Anniek Bao of CNBC contributed to this report.
